NFTs and Blockchain technology are two of the most talked-about digital topics in years. They have revolutionised the art and pop culture world, creating a dynamic new market for creators and fans alike. And the launch of NIFTY Souq is set to do the same for the MENA region.
NFTs are essentially digital contracts built on blockchain technology. NFTs – or Non Fungible Tokens to give them their full name – let you buy unique online digital items. And since their creation, they’ve been used to buy anything from an emoji to a work of art.
Famous NFTs that have been sold include a digital artwork for $69 million from Beeple, while Twitter founder Jack Dorsey sold his first ever Tweet
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